Club Mulgoa

Tuesday, December 13, 2011

POG

While it is more than USD$1600 per oz, I am happy with gold stocks. POG cannot raise itself too high; hoarders will sell. It cannot go too low; the production will cease.

I have another takeover stock in play. EXT. This will give me a lot of cash as it has gone up 6-8X in recent past. The most likely suitor will be RIO. I don't want RIO shares, I want cash.

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